Vault-13

INVESCO EXCH TRD SLF IDX FD BSCY

BULLETSHARES 203 · ETP · CUSIP 46139W783

88 institutional holders +10 vs Q3 2025
13,920,05613.9m shares reported held*
$292.7mreported value*
13 new 55 added 10 reduced 6 sold out net bought ≈ $78.2m (+3.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $21.03.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q2 24: 1Q3 24: 16Q4 24: 49Q1 25: 58Q2 25: 65Q3 25: 78Q4 25: 8888Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q2 20241
Q3 202416
Q4 202449
Q1 202558
Q2 202565
Q3 202578
Q4 202588

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 24: 14 bought or addedQ3 24: 0 cut or sold outQ3 24Q4 24: 46 bought or addedQ4 24: 1 cut or sold outQ4 24Q1 25: 48 bought or addedQ1 25: 8 cut or sold outQ1 25Q2 25: 52 bought or addedQ2 25: 11 cut or sold outQ2 25Q3 25: 63 bought or addedQ3 25: 8 cut or sold outQ3 25Q4 25: 68 bought or addedQ4 25: 16 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q3 2024140
Q4 2024461
Q1 2025488
Q2 20255211
Q3 2025638
Q4 20256816

Biggest buyers

Aptus Capital Advisors, LLC New +1,738,078+1.7m
BCS Wealth Management Added +368,933+368.9k
RAYMOND JAMES FINANCIAL INC Added +352,312+352.3k
WELLS FARGO & COMPANY/MN Added +303,242+303.2k
LPL Financial LLC Added +221,464+221.5k
JONES FINANCIAL COMPANIES LLLP Added +136,545+136.5k
LeClair Wealth Partners LLC New +113,099+113.1k
Modern Wealth Management, LLC Added +99,983+100.0k
TRUIST FINANCIAL CORP Added +70,434+70.4k
Asset Dedication, LLC Added +65,199+65.2k

Biggest sellers

Cetera Investment Advisers Reduced -131,182-131.2k
Sanctuary Advisors, LLC Reduced -106,008-106.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -100,629-100.6k
YARGER WEALTH STRATEGIES, LLC Sold out -44,972-45.0k
TLWM Sold out -43,362-43.4k
FLOW TRADERS U.S. LLC Reduced -42,324-42.3k
CITADEL ADVISORS LLC Reduced -22,538-22.5k
JPMORGAN CHASE & CO Reduced -15,740-15.7k
JANE STREET GROUP, LLC Sold out -12,379-12.4k
MONECO ADVISORS, LLC Reduced -11,736-11.7k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 2,518,1522.5m $52.9m $52.9m 0.02% Added +352.3k +352,312
2 Aptus Capital Advisors, LLC 0.31% of their portfolio FAIRHOPE, AL 1,738,0781.7m $36.5m $36.5m 0.31% New
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,073,6061.1m $22.6m $22.6m 0.01% Added +221.5k +221,464
4 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 851,096851.1k $17.9m $17.9m 0.00% Added +303.2k +303,242
5 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 831,500831.5k $17.5m $17.5m 0.00% Added +47.0k +47,000
6 BCS Wealth Management 1.41% of their portfolio JOHNSON CITY, TN 666,220666.2k $14.0m $14.0m 1.41% Added +368.9k +368,933
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 518,972519.0k $10.9m $10.9m 0.00% Added +64.6k +64,582
8 COOKSON PEIRCE & CO INC 0.44% of their portfolio PITTSBURGH, PA 504,697504.7k $10.6m $10.6m 0.44% Added +18.6k +18,552
9 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 279,436279.4k $5.9m $5.9m 0.00% Added +136.5k +136,545
10 Equitable Holdings, Inc. 0.04% of their portfolio NEW YORK, NY 277,455277.5k $5.8m $5.8m 0.04% Added +19.3k +19,260
11 Clark Asset Management, LLC 0.57% of their portfolio STRATHAM, NH 260,494260.5k $5.5m $5.5m 0.57% Added +56.6k +56,629
12 Addison Advisors LLC 1.16% of their portfolio MIDDLEBURY, VT 245,014245.0k $5.2m $5.2m 1.16% Added +45.3k +45,252
13 GILL CAPITAL PARTNERS, LLC 1.45% of their portfolio DENVER, CO 226,880226.9k $4.8m $4.8m 1.45% Added +22.8k +22,788
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 208,957209.0k $4.4m $4.4m 0.00% Added +4.7k +4,710
15 Ledgewood Wealth Advisors, LLC 2.45% of their portfolio EXETER, NH 202,180202.2k $4.2m $4.2m 2.45% Added +655 +655
16 STEPHENS INC /AR/ 0.05% of their portfolio LITTLE ROCK, AR 177,312177.3k $3.7m $3.7m 0.05% Added +26.4k +26,413
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 168,164168.2k $3.5m $3.5m 0.00% Reduced -15.7k -15,740
18 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 152,057152.1k $3.2m $3.2m 0.02% Reduced -106.0k -106,008
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 150,573150.6k $3.2m $3.2m 0.00% Added +29.8k +29,812
20 MAI Capital Management 0.02% of their portfolio INDEPENDENCE, OH 139,645139.6k $2.9m $2.9m 0.02% Added +14.1k +14,097
21 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 139,439139.4k $2.9m $2.9m 0.03% Added +12.5k +12,480
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 137,250137.2k $2.9m $2.9m 0.00% Added +29.2k +29,216
23 Modern Wealth Management, LLC 0.05% of their portfolio KANSAS CITY, MO 118,448118.4k $2.5m $2.5m 0.05% Added +100.0k +99,983
24 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 113,361113.4k $2.4m $2.4m 0.00% Reduced -131.2k -131,182
25 LeClair Wealth Partners LLC 1.38% of their portfolio DUBLIN, OH 113,099113.1k $2.4m $2.4m 1.38% New
26 Asset Dedication, LLC 0.15% of their portfolio SAN FRANCISCO, CA 108,896108.9k $2.3m $2.3m 0.15% Added +65.2k +65,199
27 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 105,099105.1k $2.2m $2.2m 0.00% Added +30.0k +30,005
28 Ellevest, Inc. 0.27% of their portfolio NEW YORK, NY 92,47892.5k $1.9m $1.9m 0.27% Added +11.3k +11,305
29 Infinity Wealth Counsel, LLC 1.72% of their portfolio Loveland, OH 89,71089.7k $1.9m $1.9m 1.72% Added +62.2k +62,191
30 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 87,95188.0k $1.8m $1.8m 0.00% Added +70.4k +70,434
31 MONECO ADVISORS, LLC 0.14% of their portfolio FAIRFIELD, CT 86,13786.1k $1.8m $1.8m 0.14% Reduced -11.7k -11,736
32 NorthAvenue LLC 1.45% of their portfolio COLUMBUS, OH 83,52883.5k $1.8m $1.8m 1.45% First filing
33 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 81,64781.6k $1.7m $1.7m 0.00% Added +17.3k +17,260
34 Carroll Advisory Group, LLC 0.74% of their portfolio TEXARKANA, TX 81,25881.3k $1.7m $1.7m 0.74% First filing
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 71,61271.6k $1.5m $1.5m 0.00% Unchanged
36 NOVARE CAPITAL MANAGEMENT LLC 0.11% of their portfolio CHARLOTTE, NC 70,43970.4k $1.5m $1.5m 0.11% Added +9.1k +9,121
37 HUB Investment Partners, LLC 0.04% of their portfolio AUSTIN, TX 67,80067.8k $1.4m $1.4m 0.04% Reduced -6.0k -6,024
38 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 66,48666.5k $1.4m $1.4m 0.01% Added +2.8k +2,773
39 BUTENSKY & COHEN FINANCIAL SECURITY, INC 0.35% of their portfolio PONTE VEDRA BEACH, FL 62,08962.1k $1.3m $1.3m 0.35% Added +5.9k +5,934
40 Farnam Financial LLC 0.89% of their portfolio PHOENIX, AZ 56,10456.1k $1.2m $1.2m 0.89% Added +3.3k +3,261
41 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 52,19552.2k $1.1m $1.1m 0.00% Added +5.7k +5,712
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 49,17049.2k $1.0m $1.0m 0.00% Added +15.5k +15,531
43 G2 CAPITAL MANAGEMENT, LLC / OH 0.25% of their portfolio COLUMBUS, OH 48,72348.7k $1.0m $1.0m 0.25% Added +558 +558
44 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 47,62847.6k $1.0m $1.0m 0.02% Added +1.4k +1,388
45 SAWGRASS ASSET MANAGEMENT LLC 0.12% of their portfolio PONTE VEDRA BEACH, FL 46,87846.9k $985.4k $985.4k 0.12% Added +30.9k +30,950
46 FLOW TRADERS U.S. LLC 0.03% of their portfolio NEW YORK, NY 39,28539.3k $826.0k $826.0k 0.03% Reduced -42.3k -42,324
47 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 37,85237.9k $795.7k $795.7k 0.00% New
48 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 36,61236.6k $769.6k $769.6k 0.00% Added +1.8k +1,800
49 River Wealth Advisors LLC 0.08% of their portfolio CAMP HILL, PA 35,42835.4k $744.7k $744.7k 0.08% Added +9.4k +9,416
50 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 33,51333.5k $704.4k $704.4k 0.00% Added +1.5k +1,517
51 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 33,44833.4k $703.1k $703.1k 0.00% Reduced -22.5k -22,538
52 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 23,73023.7k $498.8k $498.8k 0.00% New
53 Wilkins Miller Wealth Management, LLC 0.29% of their portfolio MOBILE, AL 23,12823.1k $486.2k $486.2k 0.29% Added +9.0k +8,996
54 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 22,88422.9k $481.0k $481.0k 0.00% Added +3.3k +3,265
55 Golden Reserve Retirement LLC 0.08% of their portfolio DUBLIN, OH 21,59021.6k $453.8k $453.8k 0.08% New
56 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 21,00321.0k $442.3k $442.3k 0.00% Added +6.3k +6,270
57 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 20,86720.9k $438.6k $438.6k 0.00% Added +8.3k +8,306
58 Hobbs Group Advisors, LLC 0.12% of their portfolio COLUMBIA, SC 19,67019.7k $413.5k $413.5k 0.12% Added +219 +219
59 Prosperity Wealth Management, Inc. 0.13% of their portfolio San Ramon, CA 19,27519.3k $405.2k $405.2k 0.13% Added +5.9k +5,900
60 Legacy Wealth Partners, LLC 0.09% of their portfolio Lakewood, CO 16,71216.7k $351.3k $351.3k 0.09% First filing
61 Opulen Financial Group LLC 0.26% of their portfolio ARLINGTON, VA 16,67416.7k $350.5k $350.5k 0.26% Added +191 +191
62 Paradigm, Strategies in Wealth Management, LLC 0.23% of their portfolio Maple Grove, MN 16,31216.3k $342.9k $342.9k 0.23% Unchanged
63 Global Wealth Strategies & Associates 0.08% of their portfolio DENVER, CO 15,72515.7k $330.5k $330.5k 0.08% Reduced -3.8k -3,832
64 Allen Capital Group, LLC 0.03% of their portfolio GRAND ISLAND, NE 15,10215.1k $317.4k $317.4k 0.03% Added +2.4k +2,419
65 YANKCOM Partnership 0.13% of their portfolio Yankton, SD 14,56914.6k $306.2k $306.2k 0.13% Added +5.7k +5,703
66 Diversified Portfolios, Inc. 0.02% of their portfolio Bloomfield Hills, MI 14,03614.0k $295.0k $295.0k 0.02% New
67 Jacobi Capital Management LLC 0.02% of their portfolio PITTSTON, PA 13,83213.8k $290.7k $290.7k 0.02% Added +1.3k +1,312
68 DAVIS R M INC 0.00% of their portfolio PORTLAND, ME 13,78513.8k $289.8k $289.8k 0.00% New
69 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 12,66112.7k $266.0k $266.0k 0.00% Added +2.2k +2,182
70 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 12,47212.5k $262.2k $262.2k 0.00% Added +147 +147
71 Independence Bank of Kentucky 0.03% of their portfolio OWENSBORO, KY 11,86911.9k $249.5k $249.5k 0.03% Added +3.0k +3,026
72 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 11,17711.2k $234.9k $234.9k 0.00% New
73 ETF Store, Inc. 0.23% of their portfolio OVERLAND PARK, KS 10,65510.7k $224.0k $224.0k 0.23% Added +368 +368
74 First Command Advisory Services, Inc. 0.00% of their portfolio FORT WORTH, TX 10,08510.1k $212.0k $212.0k 0.00% Added +642 +642
75 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 10,04810.0k $211.2k $211.2k 0.00% New
76 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 9,97710.0k $209.7k $209.7k 0.00% New
77 Redmond Asset Management, LLC 0.05% of their portfolio HENRICO, VA 9,6129.6k $202.0k $202.0k 0.05% New
78 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 6,6006.6k $138.7k $138.7k 0.00% Added +1.4k +1,350
79 Davis Capital Management 0.09% of their portfolio JACKSONVILLE, FL 5,9516.0k $125.1k $125.1k 0.09% Reduced -310 -310
80 Knights of Columbus Asset Advisors LLC 0.01% of their portfolio NEW HAVEN, CT 4,7744.8k $100.3k $100.3k 0.01% Unchanged
81 Marquette Asset Management, LLC 0.01% of their portfolio MINNEAPOLIS, MN 4,6684.7k $98.1k $98.1k 0.01% Added +341 +341
82 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,3843.4k $71.1k $71.1k 0.00% Reduced -224 -224
83 Kohmann Bosshard Financial Services, LLC 0.01% of their portfolio FAIRLAWN, OH 2,9893.0k $62.8k $62.8k 0.01% New
84 MONTAG A & ASSOCIATES INC 0.00% of their portfolio ATLANTA, GA 2,5882.6k $54.4k $54.4k 0.00% Unchanged
85 Keating Financial Advisory Services, Inc. 0.00% of their portfolio MANHATTAN, KS 1,3351.3k $28.1k $28.1k 0.00% First filing
86 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,1781.2k $24.8k $24.8k 0.00% Unchanged
87 Smithfield Trust Co 0.00% of their portfolio PITTSBURGH, PA 1,0311.0k $21.0k $21.0k 0.00% Unchanged
88 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 657657 $13.8k $13.8k 0.00% New